Approximately $2.27M worth of NFTs stolen in June: Reports

TL;DR Breakdown

  • The report reveals that approximately $2.27 million worth of NFTs were stolen in June 2023, representing the lowest recorded value of stolen NFTs throughout the year.
  • This figure also indicates a significant 85% decrease compared to the peak in February, which amounted to a staggering $16.2 million.
  • An overwhelming majority of the stolen NFTs in June, specifically 99.7%, were transacted through Blur handled 86% of the sales, while OpenSea accounted for 13.76%.

Description

In a recent report by PeckShield, a blockchain security firm, concerning data points on nonfungible tokens (NFTs), some interesting findings have been highlighted. The report reveals that approximately $2.27 million worth of NFTs were stolen in June 2023, representing the lowest recorded value of stolen NFTs throughout the year. This figure also indicates a significant … Read more

In a recent report by PeckShield, a blockchain security firm, concerning data points on nonfungible tokens (NFTs), some interesting findings have been highlighted. The report reveals that approximately $2.27 million worth of NFTs were stolen in June 2023, representing the lowest recorded value of stolen NFTs throughout the year. This figure also indicates a significant 85% decrease compared to the peak in February, when stolen NFTs amounted to a staggering $16.2 million.

Beyond the monetary value of the stolen assets, PeckShield’s analysis indicates that hackers are quick to sell off their ill-gotten NFTs. Surprisingly, half of the stolen NFTs flagged by the firm were sold within a remarkably short time frame of three hours. This rapid turnover suggests that hackers have little difficulty offloading stolen NFT in a relatively short period.

The report also sheds light on the preferred marketplaces for selling stolen NFT, with Blur and OpenSea emerging as the primary choices. An overwhelming majority of the stolen NFT in June, specifically 99.7%, were transacted through these two platforms. Among them, Blur handled 86% of the sales, while OpenSea accounted for 13.76%.

 Stolen NFTs 

In a separate development related to NFT, a decentralized autonomous organization (DAO) composed of holders of the popular NFT collection Azuki has put forth a proposal to hire a lawyer. The purpose of seeking legal action is to hold Azuki’s founder, Zagabond, accountable. The DAO alleges that Zagabond has earned approximately $39 million worth of Ether from the recent sales of Azuki’s new collection known as “Elementals.”

These recent findings from PeckShield’s report, coupled with the emergence of the AzukiDAO initiative, highlight the ongoing challenges and concerns within the NFT space. Additionally, the proposed legal action by AzukiDAO signifies a growing need for accountability and protection of NFT holders, signaling the community’s desire to safeguard their investments and ensure a fair and transparent ecosystem.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:Approximately $2.27M worth of NFTs stolen in June: Reports

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年7月5日 16:03
Next 2023年7月5日 17:00

Related articles

  • FBI and GCHQ issue joint advisory on Russian malware targeting crypto wallets

    TL;DR Breakdown A joint advisory from the FBI, NSA, CISA, and the UK’s NCSC has warned about a new malware called Infamous Chisel, linked to Russia’s GRU military intelligence agency, that targets cryptocurrency wallets and exchange apps on Android devices. The malware specifically seeks out directories related to popular crypto applications like Brave, Binance, Coinbase, and the Trust crypto wallet, as well as communication platforms Telegram and Discord. It also targets the Android Keystore system for storing private keys. Despite its low to medium sophistication and lack of stealth techniques, the malware poses a significant threat to digital assets, especially as it comes at a time when cybercriminals are increasingly targeting valuable digital assets, including cryptocurrencies. Description A joint advisory report from the Federal Bureau of Investigation (FBI), National Security Agency (NSA), Cybersecurity and Infrastructure Security Agency (CISA), and the UK’s National Cyber Security Centre (NCSC) has shed light on a new malware strain known as Infamous Chisel. This malware is specifically designed to target cryptocurrency wallets and exchange applications. The malware … Read more A joint advisory report from…

    Article 2023年9月2日
  • Uniswap reveals V4 code a secret weapon to transform decentralized trading

    TL;DR Breakdown Uniswap Labs recently announced the release of a draft code for Uniswap V4, the latest version of the popular decentralized cryptocurrency exchange. The introduction of “hooks” in Uniswap V4 allows developers to introduce innovative features such as on-chain limit orders, automatic deposits to lending protocols, and auto-compounded liquidity provider (LP) fees. The main objective of the update is to provide a mechanism for pool deployers to incorporate custom code that performs specific actions at different stages of a liquidity pool’s lifecycle. Uniswap Labs recently announced the release of a draft code for Uniswap V4, the latest version of the popular decentralized cryptocurrency exchange. In a blog post by Uniswap’s Founder, Hayden Adams, it was revealed that the new code incorporates “hooks” or plugins that enable developers to create custom liquidity pools. Uniswap, known for its high trading volume, currently operates on its V3 version, which was deployed on May 4, 2021. The introduction of “hooks” in Uniswap V4 allows developers to introduce innovative features such as on-chain limit orders, automatic deposits to lending protocols, and auto-compounded liquidity provider…

    Article 2023年6月16日
  • SEC Chair Gary Gensler to Share Views on Crypto Draft Bill with US House Committee

    TL;DR Breakdown SEC Chair Gary Gensler will appear before the US House Committee to discuss a draft crypto regulation bill, addressing concerns about the Commission’s authority and its mission to protect investors and maintain fair markets. Treasury Secretary Janet Yellen will submit a written response to the same proposal. Meanwhile, the outcome of the SEC’s lawsuit against Ripple, which could set a legal precedent. Description In a move to gain insights into the legislative proposal to revise the market structure related to digital assets, US Representative Maxine Waters has requested Securities and Exchanges Commission Chair Gary Gensler and Treasury Secretary Janet Yellen to provide their views. The proposal, introduced by leaders of the House Financial Services Commission and Agriculture Committee, … Read more In a move to gain insights into the legislative proposal to revise the market structure related to digital assets, US Representative Maxine Waters has requested Securities and Exchanges Commission Chair Gary Gensler and Treasury Secretary Janet Yellen to provide their views. The proposal, introduced by leaders of the House Financial Services Commission and Agriculture Committee, aims to…

    Article 2023年6月29日
  • Growing hope for U.S. economy’s gentle slowdown

    TL;DR Breakdown U.S. economy showing signs of gentle slowdown without recession. Inflation cooling to 4.1% in June; wage growth slowing but still robust. Q2 growth at 2.4%, surpassing expectations; stock market strong. Description The U.S. economy’s vibrant heartbeat is pulsing with hope, even as it gently decelerates. With the Federal Reserve’s tightening monetary policy, the storm clouds of recession are parting, and optimism is on the rise. The recent series of interest rate hikes hasn’t sent the economy into the doldrums. Instead, it’s shaping a soft landing – … Read more The U.S. economy’s vibrant heartbeat is pulsing with hope, even as it gently decelerates. With the Federal Reserve’s tightening monetary policy, the storm clouds of recession are parting, and optimism is on the rise. The recent series of interest rate hikes hasn’t sent the economy into the doldrums. Instead, it’s shaping a soft landing – a scenario where inflation control doesn’t wreck economic activity. There’s a growing belief that the U.S. might just pull this off. Here’s how. The Faint Whispers of Inflation Inflation was that haunting ghost, lingering…

    Article 2023年7月31日
  • Binance CEO warns of new scam targeting crypto users

    TL;DR Breakdown Binance CEO Changpeng “CZ” Zhao warns of a new scam using mirrored wallet addresses, targeting crypto users. Experienced operators have already fallen victim, with one losing $20 million before a timely response prevented further loss. The scam can be avoided through blockchain domains like the Ethereum Name Service, strong, unique passwords, and two-factor authentication. Description Changpeng “CZ” Zhao, the CEO of Binance, has brought to light a deceptive crypto scam that targeted his users. This latest ploy involves a sophisticated manipulation of wallet addresses, which has already led to significant financial loss for some. Here’s a detailed insight into this alarming trend. Deceptive addresses and dust transactions CZ revealed a … Read more Changpeng “CZ” Zhao, the CEO of Binance, has brought to light a deceptive crypto scam that targeted his users. This latest ploy involves a sophisticated manipulation of wallet addresses, which has already led to significant financial loss for some. Here’s a detailed insight into this alarming trend. Deceptive addresses and dust transactions CZ revealed a new scam that has alarmed the crypto community. The fraudsters…

    Article 2023年8月3日
TOP